249 South Station Road, Raceview QLD 4305
249 South Station Road, Raceview QLD 4305
Large 1000mยฒ block | 1900 character home | pool and workshop | below estimated value
This property presents a rare combination of a substantial 1,000mยฒ landholding with a character home built in 1900, in a location where such scale is increasingly uncommon. The inclusion of a swimming pool, workshop, and separate study adds genuine functional depth beyond the standard three-bedroom offering, while the dual living areas and outdoor entertainment deck support flexible family use. The asking price sits below the estimated value, which may indicate an opportunity for a buyer who values land content and character bones over a turnkey finish. It is best suited to those who can see past cosmetic presentation to the underlying land value and renovation potential.
The primary risk lies in the property’s ageโa build year of 1900 demands careful inspection of structural integrity, plumbing, electrical, and any unapproved alterations. Pool compliance and certificate status must be confirmed, as non-compliance can carry significant rectification costs. The absence of flood, bushfire, and heritage overlays is favourable, but zoning specifics beyond general residential use should be verified to confirm development potential. For a buyer prepared to invest in due diligence and selective renovation, the gap between list price and estimated value represents a genuine entry point into a tightly held street.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 249 South Station Road, Raceview QLD 4305
Market Insight:
Raceview is a family-oriented suburb with a stable, working demographic, currently experiencing exceptionally strong price growth and rapid sales turnover. Demand is driven by owner-occupiers, evidenced by high mortgage uptake and swift market activity. Recent conditions show a consistently hot market with houses selling quickly. Future growth is underpinned by this sustained high demand, though the market’s current pace may present a constraint if affordability pressures emerge.